Shenzhen Changfang Group Co (SZSE:300301) Days Payable : 165.30 (As of Mar. 2024)

View and export this data going back to 2012. Start your Free Trial

What is Shenzhen Changfang Group Co Days Payable?

Shenzhen Changfang Group Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥175.2 Mil. Shenzhen Changfang Group Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥96.7 Mil. Hence, Shenzhen Changfang Group Co's Days Payable for the three months ended in Mar. 2024 was 165.30.

The historical rank and industry rank for Shenzhen Changfang Group Co's Days Payable or its related term are showing as below:

SZSE:300301' s Days Payable Range Over the Past 10 Years
Min: 108.54 Med: 197.05 Max: 225.22
Current: 159.45

During the past 13 years, Shenzhen Changfang Group Co's highest Days Payable was 225.22. The lowest was 108.54. And the median was 197.05.

SZSE:300301's Days Payable is ranked better than
79.17% of 2928 companies
in the Industrial Products industry
Industry Median: 76.585 vs SZSE:300301: 159.45

Shenzhen Changfang Group Co's Days Payable declined from Mar. 2023 (179.87) to Mar. 2024 (165.30). It may suggest that Shenzhen Changfang Group Co accelerated paying its suppliers.

Shenzhen Changfang Group Co Days Payable Historical Data

The historical data trend for Shenzhen Changfang Group Co's Days Payable can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Shenzhen Changfang Group Co Days Payable Chart

Shenzhen Changfang Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

206.05

225.22

108.54

141.78

154.34

Shenzhen Changfang Group Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															179.87	131.08	172.15	183.86	165.30

Competitive Comparison of Shenzhen Changfang Group Co's Days Payable

For the Electrical Equipment & Parts subindustry, Shenzhen Changfang Group Co's Days Payable, along with its competitors' market caps and Days Payable data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Shenzhen Changfang Group Co's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Shenzhen Changfang Group Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Shenzhen Changfang Group Co's Days Payable falls into.

Shenzhen Changfang Group Co Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

Shenzhen Changfang Group Co's Days Payable for the fiscal year that ended in Dec. 2023 is calculated as

	Days Payable (A: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2022 )	+	Accounts Payable (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (214.335	+	179.533)	/	2 )	/	465.72	*	365
=	196.934					/	465.72	*	365
=	154.34

Shenzhen Changfang Group Co's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (179.533	+	170.814)	/	2 )	/	96.703	*	365 / 4
=	175.1735					/	96.703	*	365 / 4
=	165.30

Shenzhen Changfang Group Co Days Payable Related Terms

Thank you for viewing the detailed overview of Shenzhen Changfang Group Co's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Shenzhen Changfang Group Co (SZSE:300301) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Shenzhen Changfang Group Co Ltd (SZSE:300301) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

No. 3 Road, Julongshan, Big Industry District, Shenzhen, CHN, 518118

Website

http://www.cfled.com

Shenzhen Changfang Group Co Ltd is engaged in research and development, design, production and sales of LED lighting source devices and LED lighting products, belonging to the semiconductor industry of electronic components industry. It is focused on the packaging of white LEDs for lighting, and downstream lighting. Its products include in-line and SMD LED lighting source devices, flashlights, rechargeable eye protection desk lamps, and portable devices, searchlights, emergency lights, horse lights, headlights, rechargeable energy-saving lamps, mosquito killers and electric mosquito swatters, multi-function mobile power supplies.

Executives

Xie Run Qiu	Supervisors
Nie Wei	Director
Li Di Chu	Directors, executives
Jiang Wei	Directors, executives
Deng Zi Quan	Directors, executives
Yang Wen Hao	Executives
Niu Wen Chao	Executives
Li Hai Jian	Secretary Dong
Meng Ling Bao	Supervisors
Deng Zi Zhang	Director
Huang Jin Zhang	Executives
Su Jin Yan	Supervisors

Shenzhen Changfang Group Co (SZSE:300301) Headlines

No Headlines